The democratization of entrepreneurship

Steve Blank · March 21, 2011 · Short URL: https://vator.tv/n/185b

It's the dawn of a new American economy built on innovation

I gave a talk at the Stanford Graduate School of Business as part of Entrepreneurship Week on the Democratization of Entrepreneurship. The first 11 minutes or so of the talk covers the post I wrote called “When It’s Darkest, Men See the Stars.”

In it I observed that the barriers to entrepreneurship are not just being removed.

In each case they’re being replaced by innovations that are speeding up each step, some by a factor of 10.

My hypotheses is that we’ll look back to this decade as the beginning of our own revolution.

We may remember this as the time when scientific discoveries and technological breakthroughs were integrated into the fabric of society faster than they had ever been before.

When the speed of how businesses operated changed forever. As the time when we reinvented the American economy and our Gross Domestic Product began to take off and the U.S. and the world reached a level of wealth never seen before.  It may be the dawn of a new era for a new American economy built on entrepreneurship and innovation.

To see the video, click here.

If you’ve seen my other talks, after the first 11 minutes you can skip to ~1:04 with the Sloan versus Durant story and some interesting student Q&A. You can follow the talk along with the slides I used by clicking here.)

(Image source: dianhasan.wordpress)

 

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